VIASAT INC VSAT Cash Flow

Viasat inc (VSAT)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Cash flows from operating activities:
Net income (loss)
10,590	8,062	-9,737	5,363	-10,737	-25,598	-35,497	-19,516	-25,621	-13,892	-9,246	4,249	4,622	10,739	2,157	4,387	9,944	4,920	2,519	7,436	14,784	23,992	-6,321	-3,491	-5,960	2,281	-1,487	2,275	-20,614	-7,857	-14,433	-7,283	5,118	8,169	1,594	12,296	12,927	7,801	3,400	10,392	3,063	9,092	8,292
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation
72,806	66,342	68,802	66,727	66,572	65,197	63,793	57,230	51,552	50,831	50,828	49,805	50,340	50,769	49,772	48,645	49,445	48,791	46,205	46,987	45,189	44,240	43,126	41,347	40,523	40,993	36,226	35,136	34,638	33,205	31,154	29,745	23,762	23,628	24,372	21,649	20,997	20,574	20,409	19,941	7,531	4,988	4,913
Amortization of intangible assets
15,953	15,996	15,210	13,781	14,262	14,277	14,004	12,046	10,015	10,043	13,107	12,719	11,238	11,053	10,226	11,269	14,288	12,327	11,106	11,034	12,354	10,022	8,481	7,966	5,977	6,143	5,889	5,318	5,686	6,471	5,563	6,528	5,569	5,798	6,109	4,796	4,908	5,102	4,618	4,762	1,918	1,389	1,513
Deferred income taxes
-	-	-	-	-	-	-	-16,618	1,373	-11,936	-9,377	-3,301	-347	3,613	-183	-3,740	-5,077	2,714	1,100	4,500	-3,382	14,362	-3,060	-6,489	-1,529	-13,276	-5,888	-19,731	-15,590	-4,519	-10,888	-	-	-	-	-4,344	-5,974	4,456	1,764	-	-	113	292
Stock-based compensation expense
21,900	21,100	21,200	20,899	20,200	19,400	19,100	19,445	17,610	15,983	15,507	15,852	14,505	12,657	12,761	13,194	12,033	11,574	10,709	11,281	10,110	9,058	8,904	9,274	8,687	8,188	7,490	7,625	6,986	5,805	6,619	6,604	5,799	4,804	4,175	4,750	4,377	4,146	4,167	3,800	3,318	2,532	2,562
Loss on disposition of fixed assets
-10,012	-10,432	-13,134	-3,583	-12,349	-13,476	-12,549	-7,210	-7,915	-8,657	-9,196	-8,436	-9,183	-9,724	-8,088	-7,980	-8,118	-8,263	-9,599	-7,043	-6,850	-8,890	-9,214	-9,160	-9,135	-9,421	-6,036	-5,039	-2,535	-2,703	-1,832	-2,117	-784	-1,584	-1,329	-2,104	-1,979	-1,828	-1,088	-	-	-	-
Other non-cash adjustments
5,371	-1,344	5,367	-46,391	-4,845	3,605	29,148	-2,198	-432	-1,460	-2,793	-2,941	-2,182	-2,134	-2,761	-3,299	-1,961	-1,244	-2,453	-1,243	-1,250	-1,107	-1,178	-1,492	-2,169	-1,292	-1,200	-1,045	-886	-1,205	-1,165	-901	-110	-529	-253	440	-166	-1,223	446	2,994	-5,105	49	-421
Increase (decrease) in cash resulting from changes in operating assets and liabilities, net of effect of acquisition:
Accounts receivable
24,489	-6,365	5,472	7,199	28,314	34,720	-24,125	42,065	-21,969	38,843	-46,500	10,602	-20,179	15,444	-21,938	28,513	-43,244	10,908	30,165	-579	-10,484	1,592	5,726	-9,469	10,759	13,403	-5,474	30,294	6,315	9,908	10,607	27,557	-13,947	22,065	-14,649	16,039	4,117	8,253	-14,271	-8,836	-32,591	22,999	19,545
Inventories
13,806	4,839	29,252	4,343	-1,923	11,928	22,245	13,414	11,693	-2,738	15,193	2,634	7,678	-9,663	11,737	6,600	15,677	1,355	3,117	-1,317	-4,525	-1,079	8,138	-5,048	-1,838	4,063	14,245	-19,977	-6,440	-5,090	10,274	-2,926	7,615	-2,009	22,591	2,757	7,530	-1,795	5,538	2,787	4,842	-310	2,048
Other assets
-10,478	-7,192	13,595	-13,081	5,659	-1,041	10,812	1,037	6,661	10,074	8,203	4,136	5,216	-2,928	8,835	-1,351	319	-276	4,643	13,052	9,428	-1,672	-4,480	-498	10,174	-1,387	-1,728	6,551	3,840	2,886	2,194	-3,809	-827	11,129	2,773	-3,573	3,972	795	-4,345	3,856	-4,911	2,047	-2,496
Accounts payable
2,802	9,451	-3,869	-9,948	-15,674	20,294	-386	26,699	13,548	3,479	-11,223	8,799	1,049	9,464	-18,340	13,909	-4,956	-312	-3,391	-158	3,235	-1,011	-1,204	-18,205	-9,923	1,730	18,994	3,629	-4,469	3,098	2,306	14,361	-412	-2,654	-3,616	12,756	-4,045	4,473	-6,540	-4,785	11,231	-1,912	-1,569
Accrued liabilities
18,888	5,708	-8,000	18,944	42,138	-1,830	12,226	43,077	10,981	636	5,348	13,820	20,815	21,040	-7,636	10,657	-784	12,832	-23,042	848	19,103	1,655	-1,589	15,667	1,609	8,466	-8,012	21,942	-14,577	6,318	-4,277	44,220	-3,823	7,954	-15,071	15,317	7,356	14,563	-4,795	4,324	3,101	14,845	-1,658
Other liabilities
-9,701	-10,326	3,383	-10,618	1,509	1,497	6,079	815	5,317	2,873	63,617	2,671	180	1,169	1,146	1,609	-228	-854	-1,347	-975	-2,135	-1,891	-2,434	-1,502	559	-227	417	-2,750	1,477	2,571	4,825	6,058	1,110	-362	479	-7,356	154	1,387	1,043	1,273	-361	-279	4
Net cash provided by operating activities
110,070	136,828	46,464	112,890	103,369	57,478	53,814	76,038	96,769	32,172	153,654	98,619	121,052	129,509	62,118	77,447	111,992	89,512	17,986	78,083	112,939	111,583	46,911	70,234	32,152	48,932	53,822	42,660	7,051	41,296	791	76,484	41,179	14,877	8,909	46,305	27,226	57,408	38,678	54,683	56,951	6,081	-5,169
Cash flows from investing activities:
Purchase of property, equipment and satellites
218,667	163,443	166,115	145,016	158,373	186,833	146,633	157,272	147,735	96,807	109,820	124,469	130,190	139,456	120,577	94,692	145,685	71,563	65,954	93,558	135,316	52,105	85,513	62,762	84,081	87,752	73,030	56,113	45,530	37,770	36,882	45,806	25,854	96,746	36,567	56,555	42,212	68,212	41,306	49,114	29,645	24,050	31,734
Cash paid for patents, licenses and other assets
14,168	13,509	21,936	17,465	10,808	9,537	12,155	17,604	18,280	18,716	18,253	14,953	17,583	17,427	21,003	20,236	20,012	15,338	17,145	15,610	13,333	11,505	12,238	11,251	11,652	9,782	11,776	6,390	6,529	6,024	6,327	6,945	8,809	4,176	4,119	4,462	3,097	4,576	3,851	3,792	4,118	2,879	3,007
Proceeds from insurance claims on ViaSat-2 satellite
0	-23	2,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments related to acquisition of business, net of cash acquired
-	-	-	0	0	269	2,070	-	-	-	-	-	-	-	-	494	295	0	3,613	831	0	0	56,545	0	0	0	2,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-	-	-	-	-	-	-	-	-	-	-	-	0	145	504	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-232,835	-176,952	-185,774	-148,981	-41,369	-138,211	-160,858	-174,876	-166,015	-115,523	-128,073	-251,592	-164,301	-157,028	-142,084	-116,680	-165,992	-86,901	-86,712	-109,999	-148,649	-63,610	-154,296	-74,013	-95,733	-97,534	-87,206	-62,503	-52,059	-43,794	-43,209	-52,751	-34,663	-100,922	-40,686	-61,017	-45,309	-86,244	-45,157	-50,758	-406,600	-26,929	-34,741
Payment of debt issuance costs
0	0	2,479	-	-	-	-	-	-	-	-	0	94	261	6,322	37	0	0	803	-	-	-	-	-	-	-	-	0	5,844	0	2,215	5,706	0	0	0	-	-	-	-	1,183	8,729	530	2,339
Proceeds from issuance of common stock under equity plans
11,077	2,639	24,377	2,735	12,508	3,432	7,655	433	10,861	7,626	7,245	0	7,916	7,778	6,709	1,991	8,896	6,252	5,170	1,413	11,463	2,535	7,791	2,841	4,855	2,642	8,279	11,489	5,457	9,420	4,635	4,972	8,202	1,698	4,469	2,007	8,157	10,036	6,198	-	-	-	-
Purchase of common stock in treasury (immediately retired) related to tax withholdings for stock-based compensation
25,140	800	2,328	718	21,557	582	5,969	543	21,180	552	1,931	520	18,646	567	1,937	341	14,717	808	531	406	13,592	415	375	759	14,150	406	273	510	5,760	122	2,020	460	4,741	85	2,165	375	3,621	68	1,816	8,029	998	27	1,272
Proceeds from common stock issued in public offering, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,769	10,365	748	3,651
Incremental tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,104	579	125	400
Other financing activities
-378	-1,113	-255	-545	-5,849	-1,510	-2,376	-549	-510	-385	-372	-656	-385	-385	-376	-642	-256	-514	-372	-447	-1,255	-1,020	-385	-1,415	-324	-1,377	-574	-	-697	-693	-560	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
83,238	-2,274	7,494	253,980	-68,627	77,604	91,660	7,832	-11,853	164,855	4,942	-1,176	277,085	31,565	85,310	17,409	71,469	1,485	58,759	-13,283	91,616	-63,900	107,031	20,667	37,869	35,859	7,432	12,929	21,574	8,605	-160	103,182	3,164	96,148	17,304	9,724	9,536	24,968	-25,618	18,538	332,799	316	80,440
Effect of exchange rate changes on cash
260	-440	-2	447	-1,635	-33	-1,273	631	212	648	-65	-696	-168	-23	-180	48	-11	-184	198	-182	-191	-284	147	97	-29	164	-104	-15	-17	119	-113	-174	155	-209	96	114	130	318	-203	52	82	144	251
Net decrease in cash and cash equivalents
-	-	-131,818	-	-	-	-16,657	-	-	-	30,458	-154,845	233,668	4,023	5,164	-21,776	17,458	3,912	-9,769	-45,381	55,715	-16,211	-207	16,985	-25,741	-12,579	-26,056	-6,929	-23,451	6,226	-42,691	126,741	9,835	9,894	-14,377	-4,874	-8,417	-3,550	-32,300	22,515	-16,768	-20,388	40,781
Non-cash investing and financing activities:
Issuance of common stock in satisfaction of certain accrued employee compensation liabilities
0	0	22,829	0	0	0	32,129	0	0	0	16,409	0	0	0	13,080	0	0	0	11,609	0	0	0	10,194	0	0	0	8,018	0	0	0	7,060	0	0	0	6,340	0	0	0	5,096	0	0	0	5,090
Capital expenditures not paid for
20,437	-6,227	10,250	6,382	27,513	-913	7,637	14,063	14,083	18,506	-5,503	18,895	-9,005	-1,875	21,798	9,703	28,136	14,391	8,566	-1,821	1,838	5,685	882	10,540	-4,280	4,443	19,534	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving Credit Facility [Member]
Proceeds from credit facility borrowings
-	-	-	-	-	-	130,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	115,000	15,000	-	-	-	-	0	183,000	0	80,000
Payments of credit facility borrowings
-	-	-	-	-	-	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,000	0	30,000	-	-	-	-
Ex-Im Credit Facility [Member]
Payments of credit facility borrowings
-	-	11,821	-	-	-	22,650	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-